The KUIK Closing Market Report for Friday, April 21:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(31)
points
20,548
2:54 PM
S&P500
Down
-0.3%
percent
2,349
(7.15)
Nasdaq Composite
Down
-0.1%
percent
5,911
(6.26)
30 Year Treasury
Unchanged
–
basis points
2.89
Annual Yield
President Trump signed three orders today designed to reduce tax and regulatory burdens, including a review of all major 2016 tax regulations. Treasury Secretary Steve Mnuchin stressed the review will be comprehensive but said inversions which are are when U.S. firms moved their legal addresses abroad to cut their tax bills through mergers with foreign companies will be “one of the significant things” the Treasury will look at. The other two orders review parts of Dodd Frank.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
